carbon expo may 2013 · historic low eua and cer prices responding to macro-economic fundamentals...

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Carbon Expo Barcelona May 2013

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Page 1: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

Carbon Expo

Barcelona

May 2013

Page 2: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

Historic low EUA and CER prices responding to macro-economic fundamentals

€0

€5

€10

€15

€20

€25

€30

Daily prices (€)

EUA

Secondary CER

Primary CER

Primary CER post-2012

Page 3: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

Supply of international credits outstrips demand

* EU-27, Iceland, Liechtenstein, Norway and Switzerland

** Only covers supply of Kyoto credits

Page 4: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

Carbon initiatives are developing faster than ever

Page 5: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

New schemes with growing GHG coverage

Page 6: Carbon Expo May 2013 · Historic low EUA and CER prices responding to macro-economic fundamentals ¼ 0 ¼ 5 ¼ 10 ¼ 15 ¼ 20 ¼ 25 ¼ 30 Daily prices (¼)EUA Secondary CER

Carbon tax implemented or scheduled for implementation

ETS implemented or scheduled for implementation

ETS and carbon tax

ETS under consideration

Considering similar approaches: over 60 jurisdictions emitting 24 GtCO2e/y (half of global emissions)

Over 20% of global emitters with carbon pricing initiatives implemented or scheduled